buyer randy makes an offer to purchasewhat did admiral byrd discover

Why or why not? 5- What kind of newspaper ad could you place to solicit a listing? 5 of 10 Alice has decided that she will specialize in selling farm land. 1. Explain the method used to write good advertising. D. Pam is has no duty to investigate and may rely on the opinion of a heating professional or home inspector. Set up a face-to-face meeting with the sellers as soon as possible. Nam risus ante, dapibus a molestie consequat, ultrices ac magn, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject. Negotiate agreements regarding commission structuring. Find solutions. C. There is a 6-month pre-payment penalty for paying off the loan early. How does ALTA-R differ from ALTA? C. An offer or counteroffer can be withdrawn at any time before it has been accepted. 6- What items can an owner of an income-producing property deduct that an owner of a personal residence cannot? 6- When is a lender required to terminate a borrowers private mortgage insurance? Randy gives Tom an earnest money check for $1,000 and asks Tom to hold it until June 30, regardless of the date the seller accepts the offer. A broker cannot use the word escrow in a fictitious name. Regulates reserve requirements for all institutions that offer checking accounts. buyer randy makes an offer to purchase - cspconlutas.org.br A. Sam accepts the offer and executes the contract on March 1, a Sunday. A. Ken is responsible for his own taxes, while the broker pays Sarahs. 5 of 10 You should try to attach a rider strip to your For Sale sign that has: 6 of 10 If there is no interest in the property on a given week, the agent should: A. 1 of 10 What form can an agent use to show a seller what he or she will net on the sale of the property? Where is it that he likely found out the property was for sale? D. The loan must be repaid before the borrowers death. 38 of 50 What is the primary role of Fannie Mae? D. In most situations, an assistant should not have the responsibility of in-person contact with clients. What is the most often used form of earnest money deposit? What should Bob do? Try to get Sam to accept the offer. 2- When establishing rapport, whats one of the best ways to get to know your buyers? When should the agent have disclosed this fact? Which is a true statement? 1 of 10 The Lead-Based Paint Disclosure is required for homes built: 2 of 10 Which of these documents is for sellers only and not for buyers? D. The owner has 45 days to file a change in ownership statement. 9 of 10 How can a seller lessen the tax impact of selling a home for enough profit that he or she will be boosted to a much higher tax bracket? The purchase price, plus improvements, C. The fair market value at the time of sale. buyer randy makes an offer to purchase Seeking buyers for your listings B. D. The appraised value prior to sale 1- When is an agency relationship created? Which of the these activities does she have control over? How should licensee Fred handle this offer? D. After the agent has had time to make copies at the office. B. A. The loan value is based on the appraised value, not the sale price. The term of the loan can be shortened. 11- Greg and Joyce purchased a home from the builder who offered to pay $5,000 at closing as an incentive to get them to buy. 3 of 50 Paul is filling out the Natural Hazard Disclosure Statement. The purchase price, plus depreciation, B. Nam risus an, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses. 2- What exception exists to the duty of obedience when working with a client? D. Avoid negative comments while hes inside the home. 1- What are the five aspects that are involved in any selling approach? 3 of 10 Which of the following forms is non-standard and should be prepared by a broker to give to sellers? : disclose the material relationship with the buyer on the dual agency disclosure, A man and woman sign a purchase contract, which is subsequently approved and signed by the seller. B. 10 of 10 The cost of doing direct mail advertising depends on all of these things except which? 10 of 10 Which of these is not an exemption to fair housing law? D. Have the broker send a thank you for listing letter to the sellers. Present the offer and tell the seller that the check needs to be held until June 30. itur laoreet. Has New Age violated any laws? Return the earnest money to buyer Norm. 27- Mr. and Mrs. Haley are purchasing beachfront property in an upscale development. Gives the names of lawyers who might require property assistance. 5- Your listing presentation manual should be made up of two sections that address what issues? D. Discrimination on the basis of race is strictly prohibited, meaning no exceptions whatsoever. buyer randy makes an offer to purchase buyer randy makes an offer to B. D. The property is in a state fire responsibility area. What kind of a mortgage do they have? The second mortgage has now become the primary loan. She tells them that this action could decrease their property values. FREE Offer to Purchase Real Estate Form - RealtyPact It can provide a steady stream of future clients. Bob Broker brings Sam Seller an offer with a higher price than the existing contract Sam has with another buyer. Which of these expenses is not associated with owning a home? Write a contingent counteroffer. 3- A property manager can refuse to rent to applicant Mike for any of the following reasons except which? Retired persons are a good source of neighborhood information. 3 of 10 Which of the following would be an example of a licensee specializing in business type? 2- Name one advantage and one disadvantage of telephone contacts. 23- Jonestown Community Bank refuses to lend money to potential homeowners trying to purchase property in the predominantly Asian neighborhood on the west end of town. 8- Under what conditions may a landlord enter a tenants property? What percent of loss did you have? 2 of 10 Assistants who are asked to be available for tasks in the field rather than in the office are referred to as: 3 of 10 Which of these items on a resume accompanying an application for an assistants position should be kept brief? D. All adjustable rate mortgages have negative amortization. buyer randy makes an offer to purchase. C. Write and sign commission checks to salespersons. 1- What do you need to check if you want to conduct a door-to-door canvass in a neighborhood? C. It keeps your name in front of potential buyers and sellers. During this interim period, grant makes monthly rent payments and the owner accepts them. Randy gives Tom an earnest money check f Randy gives Tom an earnest money check f Q: according to the law governing mortgage loan brokers what is the maximum commission Broker Dan can charge for securing a D. The advertiser must prove he was grandfathered in as a licensee. The date Abby receives the good faith estimate. B. Make sure all required disclosures have been done. C. Participation in the MLS increases a licensees inventory. C. Deposit into the brokerage business account. The offer that has the shortest closing date, Answer: B- The offer with the highest price that is the most likely to close. 50- Harry has some buyers that he believes are ready to make an offer. C. The owner has 45 days to pay the new property taxes. B. 30 of 50 After six months time, manager Tim wants to terminate the lease of one of his month-to-month tenants. 32 of 50 Alice is an employee of Mid-State Realty Services. The borrower makes payments of interest only over the term of the loan. A. B. Bob writes the offer but is too embarrassed to submit it. C. It must specify a definite termination date. 7- What does the paragraph in the listing agreement titled Entire Contract deal with? B. C. Johns office has a selection of books, CDs and tapes for agent use. Executor Fred calls Agent Tom to list a vacant tract of land, instructing him to list the land for $700,000. 3- An agents fiduciary responsibilities to a client usually end when the transaction closes. It took effect when Sam accepted Mary's offer. 8- What is important for a broker to remember about the Foreign Investment in Real Property Tax Act? 10 of 10 A competitive market analysis is an attempt to: A. He succeeds in setting up an appointment to meet with the caller. 5- If lenders intend to sell mortgages in the secondary market, what must they do? Answer: A- Personal Check When the sellers make a counteroffer: they are accepting the original offer with changes. C. Be sure all requested inspections have been ordered. A. 3 of 10 All of these items are important to include on your weekly activity report except which? 9 of 10 Agent Paul is bound to inform his client of all facts that might affect the clients interests both what Paul knows and what he should have known. Which of these situations would not be something Paul should know? 5 of 10 The principles of an agency relationship include all of these factors except which one? 29 of 50 What is one way the Federal Reserve System regulates the money supply? Encourage the buyer to get the attorney to review it quickly. PRACTICE QUESTIONS), >CALIFORNIA REAL ESTATE PRACTICE PRELICENSE CLASS, >CALIFORNIA LEGAL ASPECTS OF REAL ESTATE PRELICENSE CLASS, >ALL Questions with Answers for ALL 3 PreLicense Classes Guides on 1 page, >ALL Real Estate Practice Class Questions with Answers & most with Explanations. Which of the following conditions is Paul not required to report on this form? Call Us Today! 47- Which of the following duties is not a permitted activity for an unlicensed personal assistant? Giving information about a listing to prospective buyers. C. The seller can do all repairs himself. From the 200' depth, subtract the 20' rear and front setback (200' - 40' = 160'). Follow the below steps to write a solid purchase agreement: Step 1 - Buyer and Seller Details. In addition to agent and MLS home tours, what are some other ancillary tools you can use? 2- When looking at homes currently for sale, what is important for a prospective seller to know about asking price? Which of the following activities would she not be authorized to perform? 4- Amanda calls broker Tim to schedule a showing of one of his listings. A counteroffer represents a rejection of an offer. Rule F-21 B. They made $50,000 of improvements. C. Offer to show the caller a newly-listed, not-yet-advertised property, even if one doesnt exist. B. B. Pellentesque dapibus efficitur laoreet. D. Arrange to meet the prospect at your office. 6 of 10 Which booklet is not part of the Combined Hazards Book? 6- How does a limited partnership differ from a general partnership? 10 of 10 All of these activities are appropriate to do within the first few days of obtaining a listing except which?

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